DowDuPont Inc.
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
(In millions, except share amounts) At Dec 31,
|
2017
|
2016
|
Assets
|
|
|
Current Assets
|
|
|
Cash and cash equivalents (variable interest entities restricted - 2017: $107; 2016: $75)
|
$
|
13,438
|
|
$
|
6,607
|
|
Marketable securities
|
956
|
|
—
|
|
Accounts and notes receivable:
|
|
|
Trade (net of allowance for doubtful receivables - 2017: $127; 2016: $110)
|
11,314
|
|
4,666
|
|
Other
|
5,579
|
|
4,312
|
|
Inventories
|
16,992
|
|
7,363
|
|
Other current assets
|
1,614
|
|
711
|
|
Total current assets
|
49,893
|
|
23,659
|
|
Investments
|
|
|
Investment in nonconsolidated affiliates
|
5,336
|
|
3,747
|
|
Other investments (investments carried at fair value - 2017: $1,512; 2016: $1,959)
|
2,564
|
|
2,969
|
|
Noncurrent receivables
|
680
|
|
708
|
|
Total investments
|
8,580
|
|
7,424
|
|
Property
|
|
|
Property
|
73,304
|
|
57,438
|
|
Less accumulated depreciation
|
37,057
|
|
33,952
|
|
Net property (variable interest entities restricted - 2017: $907; 2016: $961)
|
36,247
|
|
23,486
|
|
Other Assets
|
|
|
Goodwill
|
59,527
|
|
15,272
|
|
Other intangible assets (net of accumulated amortization - 2017: $5,550; 2016: $4,295)
|
33,274
|
|
6,026
|
|
Deferred income tax assets
|
1,869
|
|
3,079
|
|
Deferred charges and other assets
|
2,774
|
|
565
|
|
Total other assets
|
97,444
|
|
24,942
|
|
Total Assets
|
$
|
192,164
|
|
$
|
79,511
|
|
Liabilities and Equity
|
|
|
Current Liabilities
|
|
|
Notes payable
|
$
|
1,948
|
|
$
|
272
|
|
Long-term debt due within one year
|
2,067
|
|
635
|
|
Accounts payable:
|
|
|
Trade
|
9,134
|
|
4,519
|
|
Other
|
3,727
|
|
2,097
|
|
Income taxes payable
|
843
|
|
600
|
|
Accrued and other current liabilities
|
8,409
|
|
4,481
|
|
Total current liabilities
|
26,128
|
|
12,604
|
|
Long-Term Debt (variable interest entities nonrecourse - 2017: $249; 2016: $330)
|
30,056
|
|
20,456
|
|
Other Noncurrent Liabilities
|
|
|
Deferred income tax liabilities
|
6,266
|
|
923
|
|
Pension and other postretirement benefits - noncurrent
|
18,581
|
|
11,375
|
|
Asbestos-related liabilities - noncurrent
|
1,237
|
|
1,364
|
|
Other noncurrent obligations
|
7,969
|
|
5,560
|
|
Total other noncurrent liabilities
|
34,053
|
|
19,222
|
|
Stockholders' Equity
|
|
|
Common stock (2017: authorized 5,000,000,000 shares of $0.01 par value each, issued 2,341,455,518 shares; 2016: authorized 1,500,000,000 shares of $2.50 par value each, issued 1,242,794,836)
|
23
|
|
3,107
|
|
Additional paid-in capital
|
81,257
|
|
4,262
|
|
Retained earnings
|
29,211
|
|
30,338
|
|
Accumulated other comprehensive loss
|
(8,972
|
)
|
(9,822
|
)
|
Unearned ESOP shares
|
(189
|
)
|
(239
|
)
|
Treasury stock at cost (2017: 14,123,049 shares; 2016: 31,661,501 shares)
|
(1,000
|
)
|
(1,659
|
)
|
DowDuPont's stockholders' equity
|
100,330
|
|
25,987
|
|
Noncontrolling interests
|
1,597
|
|
1,242
|
|
Total equity
|
101,927
|
|
27,229
|
|
Total Liabilities and Equity
|
$
|
192,164
|
|
$
|
79,511
|
|
See Notes to the Consolidated Financial Statements.
83
Table of Contents
DowDuPont Inc.
Consolidated Statements of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
(In millions) For the years ended Dec 31,
|
2017
|
2016
|
2015
|
Operating activities
|
|
|
|
Net income
|
$
|
1,592
|
|
$
|
4,404
|
|
$
|
7,783
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
Depreciation and amortization
|
3,969
|
|
2,862
|
|
2,521
|
|
Provision (Credit) for deferred income tax
|
(2,083
|
)
|
(1,259
|
)
|
305
|
|
Earnings of nonconsolidated affiliates less than dividends received
|
128
|
|
243
|
|
142
|
|
Net periodic pension benefit cost
|
1,026
|
|
389
|
|
755
|
|
Pension contributions
|
(1,744
|
)
|
(629
|
)
|
(844
|
)
|
Net gain on sales of assets, businesses and investments
|
(1,172
|
)
|
(214
|
)
|
(4,655
|
)
|
Net gain on step acquisition of nonconsolidated affiliates
|
—
|
|
(2,445
|
)
|
(361
|
)
|
Restructuring, goodwill impairment and asset related charges - net
|
3,280
|
|
595
|
|
559
|
|
Amortization of Merger-related inventory step-up
|
1,573
|
|
—
|
|
—
|
|
Asbestos-related charge
|
—
|
|
1,113
|
|
—
|
|
Other net loss
|
470
|
|
361
|
|
437
|
|
Changes in assets and liabilities, net of effects of acquired and divested companies:
|
|
|
|
Accounts and notes receivable
|
(2,589
|
)
|
(1,539
|
)
|
(84
|
)
|
Proceeds from interests in trade accounts receivable conduits
|
2,269
|
|
1,257
|
|
1,034
|
|
Inventories
|
(2,218
|
)
|
610
|
|
780
|
|
Accounts payable
|
2,631
|
|
569
|
|
(717
|
)
|
Other assets and liabilities, net
|
1,563
|
|
(717
|
)
|
(48
|
)
|
Cash provided by operating activities
|
8,695
|
|
5,600
|
|
7,607
|
|
Investing activities
|
|
|
|
Capital expenditures
|
(3,570
|
)
|
(3,804
|
)
|
(3,703
|
)
|
Investment in gas field developments
|
(121
|
)
|
(113
|
)
|
—
|
|
Construction of assets pending sale / leaseback
|
—
|
|
(63
|
)
|
—
|
|
Proceeds from sale / leaseback of assets
|
—
|
|
87
|
|
3
|
|
Purchases of previously leased assets
|
(187
|
)
|
—
|
|
(46
|
)
|
Payment into escrow / trust accounts
|
(701
|
)
|
(835
|
)
|
—
|
|
Distribution from escrow / trust accounts
|
143
|
|
835
|
|
—
|
|
Proceeds from sales of property and businesses, net of cash divested
|
2,959
|
|
284
|
|
2,383
|
|
Acquisitions of property and businesses, net of cash acquired
|
19
|
|
(187
|
)
|
(123
|
)
|
Cash acquired in Merger transaction
|
4,005
|
|
—
|
|
—
|
|
Cash acquired in step acquisition of nonconsolidated affiliate
|
—
|
|
1,050
|
|
—
|
|
Investments in and loans to nonconsolidated affiliates
|
(754
|
)
|
(1,020
|
)
|
(803
|
)
|
Distributions and loan repayments from nonconsolidated affiliates
|
106
|
|
109
|
|
17
|
|
Proceeds from sales of ownership interests in nonconsolidated affiliates
|
64
|
|
22
|
|
1,528
|
|
Purchases of investments
|
(1,690
|
)
|
(577
|
)
|
(1,246
|
)
|
Proceeds from sales and maturities of investments
|
4,101
|
|
733
|
|
640
|
|
Other investing activities, net
|
(100
|
)
|
—
|
|
—
|
|
Cash provided by (used for) investing activities
|
4,274
|
|
(3,479
|
)
|
(1,350
|
)
|
Financing activities
|
|
|
|
Changes in short-term notes payable
|
(2,248
|
)
|
(33
|
)
|
(82
|
)
|
Proceeds from issuance of long-term debt
|
499
|
|
32
|
|
1,383
|
|
Payments on long-term debt
|
(663
|
)
|
(588
|
)
|
(1,114
|
)
|
Purchases of treasury stock
|
(1,000
|
)
|
(916
|
)
|
(1,166
|
)
|
Proceeds from issuance of company stock
|
66
|
|
—
|
|
—
|
|
Proceeds from sales of common stock
|
453
|
|
398
|
|
508
|
|
Employee taxes paid for share-based payment arrangements
|
(99
|
)
|
(65
|
)
|
(50
|
)
|
Distributions to noncontrolling interests
|
(136
|
)
|
(176
|
)
|
(112
|
)
|
Purchases of noncontrolling interests
|
—
|
|
(202
|
)
|
(175
|
)
|
Contributions from noncontrolling interests
|
—
|
|
—
|
|
17
|
|
Dividends paid to stockholders
|
(3,394
|
)
|
(2,462
|
)
|
(2,253
|
)
|
Other financing activities, net
|
(1
|
)
|
(2
|
)
|
(88
|
)
|
Cash used for financing activities
|
(6,523
|
)
|
(4,014
|
)
|
(3,132
|
)
|
Effect of exchange rate changes on cash
|
297
|
|
(77
|
)
|
(202
|
)
|
Cash reclassified as held for sale
|
88
|
|
—
|
|
—
|
|
Summary
|
|
|
|
Increase (decrease) in cash and cash equivalents
|
6,831
|
|
(1,970
|
)
|
2,923
|
|
Cash and cash equivalents at beginning of year
|
6,607
|
|
8,577
|
|
5,654
|
|
Cash and cash equivalents at end of year
|
$
|
13,438
|
|
$
|
6,607
|
|
$
|
8,577
|
|
Supplemental cash flow information
|
|
|
|
Cash paid during the year for:
|
|
|
|
Interest, net of amounts capitalized
|
$
|
1,254
|
|
$
|
1,192
|
|
$
|
1,137
|
|
Income taxes
|
$
|
1,368
|
|
$
|
1,592
|
|
$
|
1,405
|
|
See Notes to the Consolidated Financial Statements.
84
Table of Contents
Dostları ilə paylaş: |
